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The corporate form is a legal structure that allows a business to operate as a separate legal entity from its owners, providing limited liability protection to its shareholders. This means that the personal assets of shareholders are generally protected from the corporation's debts and liabilities. Corporations can raise capital more easily through the sale of stock, and they have perpetual existence, continuing to exist independently of ownership changes. This structure is commonly used for larger businesses due to its advantages in liability protection and capital acquisition.

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AnswerBot

1mo ago

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